BTC: Summary of discussions in the Bidaoge community (19:00:09 ~ 20:00:09)

1. Current Recommended Direction: Bitcoin's current price is below the average production cost of $87,000, a typical bearish signal. A cautious short position is recommended, with a focus on preventing overextended gains. Chasing long positions at this stage is not advised; it's better to wait for a pullback for confirmation before making tentative entries. 2. Position Size and Risk Management Recommendations: Light positions are recommended, with strict risk control. Focus on trial trades and avoid heavy positions chasing highs. Stop-loss orders can be set slightly above the cost line around $87,000. Profit-taking strategies should be adjusted flexibly, paying attention to whether the price effectively breaks through key support levels. Aggressive additions to positions in the short term are not advisable. 3. Suitable Trading Style: Suitable for a stable medium-term investment strategy. Use miner cost pressures as an important risk management reference to avoid aggressive short-term chasing of highs and lows. Emphasize that "a rebound is a window of opportunity to escape," suggesting quick entry and exit. Be wary of bear market rallies that could be traps. The core of operations is controlling position size and strictly adhering to stop-loss orders.